Israel’s Ministry of Health published Sunday the principles of the outline for deepening the food reforms in the country with an emphasis on removing import barriers. The ministry said that in recent years many steps have been promoted in the field, including the opening of parallel imports of regular foods, the adoption of EU regulations […]
Israel’s Minister of Finance Bezalel Smotrich has signed orders reducing the excise tax and purchase tax imposed on gasoline. The orders state that during the month of August 2023, a purchase tax and excise tax in the amount of 2,582.35 Shekels (USD 700) per thousand litres (264 gallons) will be applied to gasoline, so that […]
Saudi Arabia, the world’s largest crude oil exporter, has announced voluntary output cuts in crude oil in response to a tighter market induced by global central banks’ interest rate hikes and inflationary pressures. These cuts, initially set for this month, now have been extended to include August. Additionally, OPEC+ has agreed to further reduce production […]
